I'm curious: is FHA203k strictly for owner-occupiers, just like the other low deposit FHA ones?...

And I would like to ask if anyone has found any rental properties in Lowell aside from the MLS, such as absentee owner or free and clear through creative methods?

He has 2 surviving kin, one of which is institutionalized, and I'm fairly certain his (middle aged) daughter will want to sell.What makes this a possibly great opportunity is the fact that he was the first owner of the home, built in the late 50s early 60s, and owns the property free and clear!

I am also a real estate agent and partners with my partner (investor, friend and owner of DJB Properties) in working to expand in sales, rehabbing, and expanding our property management.

The current owners say everyone there is leased at $495.

Hey  @Mark Stone,FHA loan, still owner occupied?

@Matthew CarducciVA loans are typically only available to owner-occupants and that means that it is probably not an option for you.

In a simultaneous transaction, I am entering a security agreement with the owner for a share of any profits from sale and (if applicable) rental, which is substantially more than if I charged interest on the note.

If you start doing owner finance for owner occupied properties you run into all the problems from Dodd-Frank.

Then look up that address in the assessors website to find the owners.